Economy

Minimum wage €1,088 from 6 months, as of January 1, 2026

The Cypriot government approved raising the monthly minimum wage for full-time employment from €1,000 to €1,088 after six months of continuous service. Labour Minister...

Gold price record high, surges past $4,400

Gold prices reached another record, trading above $4,400 (£3,275) per ounce for the first time on Monday, peaking at $4,420 before pulling back slightly. The...

Tax reform approved – Non-taxable threshold to €22,000

Parliament plenary approved the tax reform, voting five of six executive bills as amended by the House Finance and Budget Committee. Also approved: majority parties'...

Christmas shopping Cyprus: Christmas Eve set to be busiest day

Market moves into festive peak The Cypriot retail market has fully entered the Christmas period, with businesses preparing for a sharp increase in consumer activity...

New national minimum wage decision by Christmas

Consultations on the new national minimum wage end tomorrow afternoon, with a decision expected by Christmas for implementation from January 1, 2026, over two...